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it is more of a defensive posture to say let's really make sure that we can continue to be a viable entity. tracy: it's interesting that you think obamacare could be part of the decision process. we are saying that we need to hold onto our own cash. the problem is you could be buying in at the market high points. >> well, if that is the only thing you are counting on is that company retirement needs, then you have a personal problem. [laughter] tracy: 46% of americans say they have saved less than $10,000 for retirement. >> that's right. the statistics are staggering. if you look at it in entirety, you think about where did all this come from, what is this notion of retirement. the three legged stool. pensions, iras, four o. one kays. all of that coming together. what is left anymore? pensions have been shut down companies. pensions are bankrupting municipalities. we talked about social security, it's ppobably not something that we can count on. it is really personal savings. when you look deeper at personal savings from these statistics are alarming. this generation an era that we have gr
it is more of a defensive posture to say let's really make sure that we can continue to be a viable entity. tracy: it's interesting that you think obamacare could be part of the decision process. we are saying that we need to hold onto our own cash. the problem is you could be buying in at the market high points. >> well, if that is the only thing you are counting on is that company retirement needs, then you have a personal problem. [laughter] tracy: 46% of americans say they have saved...
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gas by 2016 to have cleaner skies, more jobs, investment security to allow making real cuts to the defense budget. and that would encourage gas station owners and nat gas owners to work together to promote rapid acceptance of the fuel that could make our nation energy independent and create an industrial ren nance of the likes we haven't seen in decades. it can happen, it's not, though. the opportunity is being squandered and in no time, creative companies will find ways to export natural gas. and there is still time for our government to recognize the nat gas glut and take advantage. it won't last forever. stick with cramer. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it c
gas by 2016 to have cleaner skies, more jobs, investment security to allow making real cuts to the defense budget. and that would encourage gas station owners and nat gas owners to work together to promote rapid acceptance of the fuel that could make our nation energy independent and create an industrial ren nance of the likes we haven't seen in decades. it can happen, it's not, though. the opportunity is being squandered and in no time, creative companies will find ways to export natural gas....
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cuts and push -- >> dana: they will push off the defense cuts. push them off. >> andrea: how howardly is that? i think a lot of members secretly wanted the cuts to take place so they don't take a stand and they don't have to vote either for higher taxes or on entitlements. today is -- bob is right. today is the last day that they need to come up with a deal because there is a time crunch on the legislation. getting it through. but i think it's disingenuous for jay carney to come out and say today, republicans haven't moved at all. republicans have moved. they have come to the table with revenue raisers. it's the democrats that haven't moved at all. i do think that after the first of the year, it's not good to have the fight. the reason for that is they are just fighting over the tax cuts for the rich, that is a p.r. battle that the president wants, because he knows he will win. >> greg: this was supposed to be about spending, and taxes. now it's just about taxes. it's like ignoring cancer and treating a cold sore. it's always going to be about sp
cuts and push -- >> dana: they will push off the defense cuts. push them off. >> andrea: how howardly is that? i think a lot of members secretly wanted the cuts to take place so they don't take a stand and they don't have to vote either for higher taxes or on entitlements. today is -- bob is right. today is the last day that they need to come up with a deal because there is a time crunch on the legislation. getting it through. but i think it's disingenuous for jay carney to come out...
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lots of areas where the market could run into glitches and i think it's a great time to play defense. >> can i correctly assume that the power gauge on apple is negative, in the near term, if you are mentioning that as one factor of being bearish in 2013? >> power gauge is neutral. it's bearish on a lot of other stocks. the stock is down significantly and that's no longer driving the positive market psychology. a big drain. >> let's talk about a particular sector, because it seems like the power gauges are telling you that luxury is a sell going into next year. >> luxury and high end retail. you've got an interesting unknown dichotomy. retail stocks tend to underperform between thanksgiving and christmas, courtesy of the spoke investment group. great study they did. number two, consumer sentiment, very negative. particularly at the high end where the uncertainty over the tax rates next year is greatest. and i think this is a great area to raise cash. >> on luxury, the big thing for me is china's not 25% of the global luxury goods market and the u.s. is 20%. china is growing as a luxur
lots of areas where the market could run into glitches and i think it's a great time to play defense. >> can i correctly assume that the power gauge on apple is negative, in the near term, if you are mentioning that as one factor of being bearish in 2013? >> power gauge is neutral. it's bearish on a lot of other stocks. the stock is down significantly and that's no longer driving the positive market psychology. a big drain. >> let's talk about a particular sector, because it...
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joining me is bob dean from the national resources defense council. one of the groups behind that particular study. bob, thank you. welcome to the show. >> thank you, sandra. good to be here. sandra: so let me get this straight. you're blaming the warm winters, lack of snow on climate change? >> absolutely. you mentioned sandra, we're on track as of end of the november we had the hottest year on record in this country. 3.3 degrees hotter than the 20th century average. it hurt our farmers and ranchers, devastated worst drought in 50 years. fires detroit nine million acres of forest and fields. we'll seeing it on the ski slopes. climate change for the slopes means less snow on the ground, feuder skiers on the slopes. if you make your living in the business, less money in the wallet and paycheck. sandra: one might question that reasoning behind this and say a billion dollar loss for the industry over the past decade. your study says 27,000 jobs have been lost. i might remind you hey, we've been in a brutal recession. we're slow coming out of it. it might
joining me is bob dean from the national resources defense council. one of the groups behind that particular study. bob, thank you. welcome to the show. >> thank you, sandra. good to be here. sandra: so let me get this straight. you're blaming the warm winters, lack of snow on climate change? >> absolutely. you mentioned sandra, we're on track as of end of the november we had the hottest year on record in this country. 3.3 degrees hotter than the 20th century average. it hurt our...
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bloomberg news reported that former nebraska senator republican chuck hagel is the president's top pick for defense secretary. and that -- that would be replacing bob gates. that would have left senator john kerry out of luck because u.n. ambassador susan rice was in line for the state department post. and then this bombshell... >> good day. we're coming on the air right now to break exclusive word that the united states ambassador to the united nations ambassador susan rice, has transmitted word to the president of the united states that she is withdrawing her own name from any future consideration for nomination to become perhaps the next secretary of state. >> jennifer: wow! and then president obama in response to her letter, released a statement saying... >> jennifer: he is, of course, referring to the relentless attacks from republicans who suggested that she purposely misled the country about the benghazi attack that killed ambassador christopher stevens. joining me now is bill press. he's most of current tv's "full court press." he's author of "the obama hate machine." the lies, distortions
bloomberg news reported that former nebraska senator republican chuck hagel is the president's top pick for defense secretary. and that -- that would be replacing bob gates. that would have left senator john kerry out of luck because u.n. ambassador susan rice was in line for the state department post. and then this bombshell... >> good day. we're coming on the air right now to break exclusive word that the united states ambassador to the united nations ambassador susan rice, has...
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secly, clearly, you don't want all the sequester to take place with regards to defense and discretionary. allow some of it to take place. you know, we got to -- we got to get rid -- we have to patch it before comprehensive tax reform, something pending more fundamental health care reforks. the president talks about balance. i don't expect to suggest that's the wrong term, but we need a comprehensive solution, a balanced solution because balance is why 50/50, i'm is libra -- [laughter] 50/50 with regards to spending and taxing. .. will generate more revenues, that will be counted as a spending reduction under government rules because premiums for medicare beneficiaries count as a reduction in spending. if you look at indexing formulas and things of that nature to end a perfect and the spending side and revenue side, with completion or otherwise come to you conducing structural that will both slows spending as well as generate additional revenues. now we need to do a lot more than that. i think what we also need to do is recognize reality. our goal should be not balancing the budget becaus
secly, clearly, you don't want all the sequester to take place with regards to defense and discretionary. allow some of it to take place. you know, we got to -- we got to get rid -- we have to patch it before comprehensive tax reform, something pending more fundamental health care reforks. the president talks about balance. i don't expect to suggest that's the wrong term, but we need a comprehensive solution, a balanced solution because balance is why 50/50, i'm is libra -- [laughter] 50/50...
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one of those firms is schwab, they say they can adjust defenses if they see any violations. maria, back to you. >> mary, thank you so much. coming up next, illinois congresswoman jan schakowsky says there's no way a deal can be reached and if union workers don't get the health care benefits they want may walk out, this after unions are making moves across the board in business that have put certain firms out of business. we've got the debate coming up. what are you up to? oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that? the internet. and you believed it? yeah. they can't put anything on the internet that isn't true. where did you hear that? [ both ] the internet. oh look. here comes my date. i met him on the internet. he's a french model. uh, bonjour. [ male announcer ] state farm. more mobile than ever. get to a better state. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i ne
one of those firms is schwab, they say they can adjust defenses if they see any violations. maria, back to you. >> mary, thank you so much. coming up next, illinois congresswoman jan schakowsky says there's no way a deal can be reached and if union workers don't get the health care benefits they want may walk out, this after unions are making moves across the board in business that have put certain firms out of business. we've got the debate coming up. what are you up to? oh, just...
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all of this came hours after defense secretary leon panetta left the area. still not clear whether the attack was linked to his visit. erin burnett is walking with the secretary of defense hours before the attack. he talked about al qaeda. >> it was to defeat and disrupt and destroy. is that mission accomplished? >> the mission of defeating and deterring al qaeda i think is well on the way towards achieving the mission with regards to afghanistan. the threat we face here. we continue to face a threat elsewhere not only in pakistan, but yemen and elsewhere. we have had success against al qaeda here. i think the main challenge here is obviously to make sure there is no safe haven and the key is to secure and govern itself. those two are interlocked in terms of a mission that we have in afghanistan. >> you can hear much more from the defense secretary on erin burnett out front tonight on cnn. a satellite launched tuesday by north korea may not be in a stable orbit. north korea may not be in total control of the satellite and it's on this polar orbit at a relati
all of this came hours after defense secretary leon panetta left the area. still not clear whether the attack was linked to his visit. erin burnett is walking with the secretary of defense hours before the attack. he talked about al qaeda. >> it was to defeat and disrupt and destroy. is that mission accomplished? >> the mission of defeating and deterring al qaeda i think is well on the way towards achieving the mission with regards to afghanistan. the threat we face here. we...
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if martoma cooperates, it is actually very important for his defense. we should also point out that martoma's attorney will deny the cooperation agreement. they are footing the bill for martoma's legal fees which is separate from his cooperation agreement. jake, unpack this for us. they have a cooperation agreement, which i think is pretty key here. what do you make of it. >> martoma just made the biggest trade of his life. he chose steve cohen. here is the deal that they have. steve cohen is paying the legal fees. that could be millions. he gets a copy of the government playbook. they will work and share information together. rather than flipping on steve cohen, he has decided to work with him and he is betting that the high-priced lawyers will beat the feds, as they usually do. adam: is this kind of like a conflict of interest. >> they say we have the same interests and beating the government and saying this was not insider-trading. the government also flipped this doctor who told martoma about the trials. charlie: this is all about martoma's trading.
if martoma cooperates, it is actually very important for his defense. we should also point out that martoma's attorney will deny the cooperation agreement. they are footing the bill for martoma's legal fees which is separate from his cooperation agreement. jake, unpack this for us. they have a cooperation agreement, which i think is pretty key here. what do you make of it. >> martoma just made the biggest trade of his life. he chose steve cohen. here is the deal that they have. steve...
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you saw the defense stocks move down. very rare miss in home builders. they had disappointing earnings and that has not happened much in the last couple quarters with home builders. >> certainly hasn't been. bob, i will see you later. >> commodities taking a hit after the fed's move. oil is down, gold is dropping below the 1700 level. sharon is at the nimex with a $20 loss in gold, sharon? >> fading quickly from the fed of course after chairman bernanke talked about the fact that you know, this is not offsetting any impact coming from the fiscal cliff. this is where they focus on this morning and we are looking at prices that slid even more so than the wti price. that gained more than wti over the last several sections. but it is right around $108 a barrel right now. natural gas harder hit and that had much more to do with the report that came out today that is very bearish. we are looking at a key technical level, now look for the down side target around 325. that's what traders are looking at. and you mention gold below 1700 and the fact that traders a
you saw the defense stocks move down. very rare miss in home builders. they had disappointing earnings and that has not happened much in the last couple quarters with home builders. >> certainly hasn't been. bob, i will see you later. >> commodities taking a hit after the fed's move. oil is down, gold is dropping below the 1700 level. sharon is at the nimex with a $20 loss in gold, sharon? >> fading quickly from the fed of course after chairman bernanke talked about the fact...
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defense secretary leon panetta is is in afghanistan today. he met with u.s. and afghan troops and commanders in kandahar to talk about the future of the protection force there. panetta told cnn the mission is fundamentally unchanged since it began more than ten years ago. target al qaeda everywhere. >> the mission of defeating and deterring al qaeda, i think, is well on the way towards, you know, achieving the mission with regards to afghanistan and the threat that we face here. we continue to face al qaeda, obviously, elsewhere not only in pakistan but in yemen and somalia and elsewhere. but, you know, we have had remarkable success going after special operations against al qaeda here, and we're continuing to do that. i think the main challenge here is obviously to make sure there's no safe haven for al qaeda in which to conduct aattaattac attacks but the key is afghanistan can govern itself. those two are enter locked in terms of the mission we have in afghanistan. >> hear more from secretary of defense on erin burnett "outfront" tonight at 7:00 eastern. >>
defense secretary leon panetta is is in afghanistan today. he met with u.s. and afghan troops and commanders in kandahar to talk about the future of the protection force there. panetta told cnn the mission is fundamentally unchanged since it began more than ten years ago. target al qaeda everywhere. >> the mission of defeating and deterring al qaeda, i think, is well on the way towards, you know, achieving the mission with regards to afghanistan and the threat that we face here. we...
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defense spending in 2012. we all know that interest rates are also at historic lose lows because of the action of the federal reserve. and if they were to return to their historic norms, 4% and 5% range, you can see easily how our debt would spin out of control and there would be very little room to spend money either on safety-net programs or on national security. one more point. the president often says his tax increases would merely restore the top tax rates that prevailed when bill clinton was in the white house, but that's demonstrably false. thanks to new taxes under obamacare, including the new 3.8% surtax on investment income, top rates would be significantly higher than they would be under the clinton administration. and, of course, you're not just talking about federal taxes. people in -- all around the country have to pay state, loc local, and federal taxes, many of whom would end up paying the majority of their paycheck in taxes. here's the reality. tax cuts did not create our fiscal problems and s
defense spending in 2012. we all know that interest rates are also at historic lose lows because of the action of the federal reserve. and if they were to return to their historic norms, 4% and 5% range, you can see easily how our debt would spin out of control and there would be very little room to spend money either on safety-net programs or on national security. one more point. the president often says his tax increases would merely restore the top tax rates that prevailed when bill clinton...
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the secretary of defense is safe. he is in kabul. he is meeting with afghanistan's president, hamid karzai. he announced karzai will make a trip to the white house in the new year. news out of afghanistan. still at war there. of course can't forget our troops this time of year or anytime. more as we get it. jon: there's a new twist to the bizarre saga involving a mill fair software pioneer. john mcafee back in the united states now. but the man known for the anti-virus software that bears his name remains under investigation for a murder in belize. phil keating live from miami with more. phil? >> reporter: jon, no longer stuck in a guatemalan jail, john mcafee is in swanky south beach where he slept and enjoyed a little bit of newfound freedom. however things could change from him depending on the police in belize. as guatemalan police yesterday morning put him into a car and wifked him off to the airport. it was a normal scene, bed lam and several cameras. he checked into a art deco hotel tell in miami beach and asked for a lot priv
the secretary of defense is safe. he is in kabul. he is meeting with afghanistan's president, hamid karzai. he announced karzai will make a trip to the white house in the new year. news out of afghanistan. still at war there. of course can't forget our troops this time of year or anytime. more as we get it. jon: there's a new twist to the bizarre saga involving a mill fair software pioneer. john mcafee back in the united states now. but the man known for the anti-virus software that bears his...
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. >> last week, the supreme court of litigations had the defensive marriage act, and with the 1.5 million cost, outside counsel to sign the law, but according to the report, it decreased. do you support the idea of raising -- >> if the justice department is not going to enforce the law of the land, the congress will. thank you, all. >> all right, speaker of the house, john boehner, that's where we are, live update from washington on the progress or lack thereof, pushing for stepping cuts as expected, but the president's idea of a balanced approach is anything but. brett, the host of special reports, fox news channel with us now from dc. what's the analysis of that? what's going on here? >> connell, i don't think it's just public pronouncements. i don't think this is just bluffing for the microphone phone, and this is where republicans are, and they don't believe that the white house, that the president has put forward significant spending cuts anywhere near what they would like to see prior to jumping off a point where they are going to raise any tax rates. i mean, if they get to the poin
. >> last week, the supreme court of litigations had the defensive marriage act, and with the 1.5 million cost, outside counsel to sign the law, but according to the report, it decreased. do you support the idea of raising -- >> if the justice department is not going to enforce the law of the land, the congress will. thank you, all. >> all right, speaker of the house, john boehner, that's where we are, live update from washington on the progress or lack thereof, pushing for...
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the defense ministry says this was the first such intrusion by a chinese aircraft since the self-defense forces began keeping records. the coast guard says the plane was initially spotted around 10:40 a.m. local time. coast guard officials confirmed the intrusion at 11:06 and the plane moved out of sight four minutes later. the coast guard vessel radioed a warning to the aircraft not to enter japanese airspace. the aircraft responded that it was flying over chinese territory. also on thursday, four maritime patrol boats intruded into japanese waters off the senkaku islands. >>> the japanese government has launched a protest with china over the air space intrusion. >> translator: the intrusion is very regrettable. the government has launched a strong protest with china through diplomatic channels. >> chief cabinet secretary osamu fujimura prime minister yoshihiko noda ordered the area guarded and surveyed. tension is high as senior officials of related ministries meet to share information. he added that the government is determined to remain calm under any situation but will respond firml
the defense ministry says this was the first such intrusion by a chinese aircraft since the self-defense forces began keeping records. the coast guard says the plane was initially spotted around 10:40 a.m. local time. coast guard officials confirmed the intrusion at 11:06 and the plane moved out of sight four minutes later. the coast guard vessel radioed a warning to the aircraft not to enter japanese airspace. the aircraft responded that it was flying over chinese territory. also on thursday,...
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i was actually with the defense secretary in kandahar today. the attack was about two hours after his departure and as you said, it's unclear whether this attack was targeted at the defense secretary or not. but as you said you can it was right at the entrance to the kandahar air field. it's pretty interesting because in kandahar today, i had a chance to talk to general abrams who is the commander for the southern part of afghanistan. and he talked about this issue specifically when he was asked about the security, he said it gets better every single day. and specifically when he talked about the taliban, he said the insurgent capabilities here are pretty limited and he mentioned actually an attack that they had tried to carry out on kandahar air field that had failed. so obviously the timing on this is terrible. there are people who have you now lost their lives. but this goes against the narrative that the united states coalition force and the afghan government are trying to build, which is that this is an insurgency that is waning and on its
i was actually with the defense secretary in kandahar today. the attack was about two hours after his departure and as you said, it's unclear whether this attack was targeted at the defense secretary or not. but as you said you can it was right at the entrance to the kandahar air field. it's pretty interesting because in kandahar today, i had a chance to talk to general abrams who is the commander for the southern part of afghanistan. and he talked about this issue specifically when he was...
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it is therefore imperative that senate deliberations on the defense bill be conducted without limitations and in a manner that allows for the consideration of all related amendments that senators may wish to offer." so i feel aggrieved that my little amendment is not even going to get any more debate than these few moments right now. i know the senator from tennessee feels the same way, and undoubtedly senator udall would prefer a vote and debate on his amendment. we can fix this senate. we can get back to the leadership we had under mansfield and mitchell of maine and lott of mississippi, and other majority leaders, and we can move legislation along, but not if we continue this -- this abuse of the process by filling the amendment tree. i'll be voting with the senator and with the distinguished senator from pennsylvania on the point of order, because we need to draw a bright red line there. but beyond that, we may get on this issue at some 0 ooh point. i hope the senate can get back to an orderly debate on matters of substance and i thank my friend, the senator from tennessee, for yieldi
it is therefore imperative that senate deliberations on the defense bill be conducted without limitations and in a manner that allows for the consideration of all related amendments that senators may wish to offer." so i feel aggrieved that my little amendment is not even going to get any more debate than these few moments right now. i know the senator from tennessee feels the same way, and undoubtedly senator udall would prefer a vote and debate on his amendment. we can fix this senate....
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back in the '60s the defense department said if you can deliver a silicon that will do "x" we'll buy it, we don't care whether you're ibm or a bunch of engineers down in houston, texas, working for texas instruments. today the government would say you give us a battery with this kind of energy density or solar cell with this degree of efficiency, and we'll buy it, whether it comes from general electric or three guys in the garage and we'll pull you down the learning curve. we'll pull you down. >> obviously -- >> the united states is still the creator innovations, all of the innovations have come from here the last 20 years? >> i think the united states remains a continuing leader at the frontier of innovation, but there are others that are catching up. >> the book is called "doing capitalism in the innovation economy." bill, nice to have you. we'd love to have you back. anybody who likes to throw it down with our friend will cain. >> i look forward to it. >> it's done and done. you heard him say yes. we have to take a break. still ahead this morning, we'll be talking about north kore
back in the '60s the defense department said if you can deliver a silicon that will do "x" we'll buy it, we don't care whether you're ibm or a bunch of engineers down in houston, texas, working for texas instruments. today the government would say you give us a battery with this kind of energy density or solar cell with this degree of efficiency, and we'll buy it, whether it comes from general electric or three guys in the garage and we'll pull you down the learning curve. we'll pull...
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. >> defense. >> defense. all of these things. >> which accounts for about a trillion dollars of the budget every year. we've got less than that. >> of course, the long-term struggle is with entitlements. i think that's one of the greatest differences where we cut with republicans. i know we have to cut from entitlements because that's what bankrupts us. i know we have to cut from defense. but i'm concerned about r&d. i'm concerned about transportation. i'm concerned about education. i'm concerned about cutting in all of these areas that make china -- give china a bigger advantage as we move forward that give our global competitors a bigger advantage. that's what really concerns me. >> two quick observations. if you're in business and you're told we've got to make changes at our budget and you look at 6%, 15% of your budget, 9% of your budget, you've got to make cuts, you look at the 60% first and say where can we make manufacture she's cuts. talk about not endangering our ability to compete and win going forw
. >> defense. >> defense. all of these things. >> which accounts for about a trillion dollars of the budget every year. we've got less than that. >> of course, the long-term struggle is with entitlements. i think that's one of the greatest differences where we cut with republicans. i know we have to cut from entitlements because that's what bankrupts us. i know we have to cut from defense. but i'm concerned about r&d. i'm concerned about transportation. i'm concerned...
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we still want to be in very defensive sectors. and that really has nothing to do with the fed. which was the original question that you were asking. i think it has to come much more from the fiscal and the regulatory side and it doesn't look like you're going to get much of a deal there. >> hmm. so you -- you think -- so now we're back to the fiscal cliff. you think there is no deal coming? or you think we're getting a baby deal? >> i think you're getting a baby deal. and i think without structural. true structural reform i don't think you're going to have the types of risk taking on the part of businesses that would generate real growth. and i think there is a yawning gap between business confidence and consumer confidence right now. capital spending is already weakened. but consumer confidence still remains relatively high. >> when does it hit the consumer? >> i think really in the first quarter. because especially if the payroll tax cut is not extended, which it seems very possible, that is a very big deal. i also think you really have to watch to see whether the debt ceilin
we still want to be in very defensive sectors. and that really has nothing to do with the fed. which was the original question that you were asking. i think it has to come much more from the fiscal and the regulatory side and it doesn't look like you're going to get much of a deal there. >> hmm. so you -- you think -- so now we're back to the fiscal cliff. you think there is no deal coming? or you think we're getting a baby deal? >> i think you're getting a baby deal. and i think...
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korea intends an all out attack on its neighbors this program including nuclear program has purely defensive and the deterrence of purposes it's in no size interest to have war because if you have war in korea both korea selection is off for a lot as long as the regime is stable in north korea and that's actually the key pressure there is no immediate danger of a war breaking up. teetering on the brink of a triple dip recession that britain looks to have been given a break in the form of an unexpected drop in unemployment but response to the news has been lukewarm some analysts warn that celebrations could be premature suggesting the statistics are being spun first reports. well some unexpected seasonal kid this week with official statistics showing the u.k.'s unemployment rate has fallen by eighty thousand people between august and october well the government might have been acting like christmas is coming early but the cold hard reality is that all of course there are going to be a huge number of people right now he simply don't recognize the pictures that they statistics the painting and
korea intends an all out attack on its neighbors this program including nuclear program has purely defensive and the deterrence of purposes it's in no size interest to have war because if you have war in korea both korea selection is off for a lot as long as the regime is stable in north korea and that's actually the key pressure there is no immediate danger of a war breaking up. teetering on the brink of a triple dip recession that britain looks to have been given a break in the form of an...
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that's significant because, remember, just last week, nato approved patriot missile -- anti-missile defenses that will be installed in turkey. and that, the united states will be doing, so will germany an the dutch. finally, another point to this, as we were talking with experts, you can put chemical weapons on scuds. that apparently has not been done but that was a concern. remember, just a week or two ago about the chemical weapons. so far it's conventional, but that's another worrisome thing. >> all right, jill dougherty, thank. >>> we have new numbers out from the u.s. census bureau. the agency predicts by 2043 white people will no longer make up the majority of americans. the u.s. population currently stands at 315 million people. it's expected to cross the 400 million threshold in 2051. officials say about 2060, the u.s. population will be considerably older and much more racially and ethically diverse. >> i was about to ask you how you feel about that. >> i'm fine with it. >> crazy question. >> i'm fine with it. >>> we've been talking about how the world has been changing and the brow
that's significant because, remember, just last week, nato approved patriot missile -- anti-missile defenses that will be installed in turkey. and that, the united states will be doing, so will germany an the dutch. finally, another point to this, as we were talking with experts, you can put chemical weapons on scuds. that apparently has not been done but that was a concern. remember, just a week or two ago about the chemical weapons. so far it's conventional, but that's another worrisome...
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. >> i'm lawyer who in my past life i did criminal defense. it is very difficult to get thrown in jail because of marijuana. if you're in jail because i represented clients like this. if you're in jail because of marijuana you have committed multiple violations. you're on number three four, or five or you had some big stash that the police found in your car. there is nobody in jail anywhere in the united states for smoking a joint somewhere. that's some kind of liberal fire departmentcy. >> cenk: you're making a good point until the last line. there are people in jail over that. it depends why the prosecutor wanting to after them. but your point is fair. a lot of people who are in jail for possession were because of a plea and because the prosecutor thought he was actually dealing. but i don't think it should be illegal in the first place. >> here is the main point of the whole thing if you legalize, if you have a broad legalization of something like marijuana or any drug that is now illegal see your liberal focus--i used to have these debates
. >> i'm lawyer who in my past life i did criminal defense. it is very difficult to get thrown in jail because of marijuana. if you're in jail because i represented clients like this. if you're in jail because of marijuana you have committed multiple violations. you're on number three four, or five or you had some big stash that the police found in your car. there is nobody in jail anywhere in the united states for smoking a joint somewhere. that's some kind of liberal fire departmentcy....
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defensives were black. back to you. >> let's take a look now at what's happening in markets across europe. kind of mixed trade. more decliners than advancers. some of the decliners include danone which is embarking on a cost cutting plan. but the stoxx europe 600 broadly speaking down about .25%. the major bourses have been on a nice run over the last several trading sessions today. adding to that, the ftse up another .4%. we know the sell-off that we saw on monday and the monte/berlusconi news, now berlusconi might be indicating willingness to let monti govern. the xetra dax is lower this morning. the ftse 100, too, down about 0.2% respectively. take a look at the bond curve. spain, this will be a good proxy for now. we'll get the ten year for italy in just a second. 35.34% is the level there. u.s. benefiting from fund flows well. choppy trade across the picture here. let's look at the italian curve before we get the results later today. we are seeing green across the board, so yields dipping before that p
defensives were black. back to you. >> let's take a look now at what's happening in markets across europe. kind of mixed trade. more decliners than advancers. some of the decliners include danone which is embarking on a cost cutting plan. but the stoxx europe 600 broadly speaking down about .25%. the major bourses have been on a nice run over the last several trading sessions today. adding to that, the ftse up another .4%. we know the sell-off that we saw on monday and the...
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plus, erin burnett has an exclusive interview with defense secretary, leon panetta about this launch. she also talks with him about syria, what we're learning tonight about the forces loyal to president bashar al assad, and how scud missiles have been fired. >>> the united states government says it shows just how desperate assad's regime is now getting. >>> and also, our first look at the shooter who police believe is responsible for last night's deadly rampage in a portland-area mall. police have identified him as well as the two people that he killed. let's go "outfront." >>> good evening, everyone. i'm ashleigh banfield in for erin burnett tonight who is on assignment in afghanistan. we've got breaking news right off the top. cnn just learning that the united states does not believe that north korea is in full control of that satellite that it sent into space with the long-range rocket launch. this is according to a u.s. official to our barbara starr at the pentagon. up until now, by most accounts, this launch has been seen as a success, or certainly it raised the bar on how we vie
plus, erin burnett has an exclusive interview with defense secretary, leon panetta about this launch. she also talks with him about syria, what we're learning tonight about the forces loyal to president bashar al assad, and how scud missiles have been fired. >>> the united states government says it shows just how desperate assad's regime is now getting. >>> and also, our first look at the shooter who police believe is responsible for last night's deadly rampage in a...
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, have $100 billion of non-defense. that gets you the $300 billion the republicans have asked for. on health care, you do $500 billion. that's close to what they've asked for. a hundred billion less. other mandatory, $200 billion. that's close to what they asked for. a hundred billion-dollar difference reflects what we've already done. interest savings, because you're spending less and you have more revenue, you save interest, $400 billion. that gives you a total of spending cuts of $1.4 trillion. you add in what's already been done, $1,05 trillion and you've got a total of $2,450,000,000,000. you add that to the $1.6 trillion of revenue and you've got $4,050,000,000,000 of savings. and then i personally would extend the payroll tax holiday because c.b.o. tells us on the tax side, that's the biggest bang for the buck in giving lift to the economy. it costs you $200 billion. for a net deficit reduction of $3,850,000,000,000. for those who are wondering, well, what happens to a.m.t. and what happens to the doc fix? we hav
, have $100 billion of non-defense. that gets you the $300 billion the republicans have asked for. on health care, you do $500 billion. that's close to what they've asked for. a hundred billion less. other mandatory, $200 billion. that's close to what they asked for. a hundred billion-dollar difference reflects what we've already done. interest savings, because you're spending less and you have more revenue, you save interest, $400 billion. that gives you a total of spending cuts of $1.4...
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there seven days a week, 365 days out of the year, to make sure that you provide the -- the common defense and protect this nation from its enemies. we need to be focused on what we need to do right now, that is to come up with a solution for solving the spending problem we have in this country. not a revenue issue. that's why i say negotiating with the president is really not a smart thing to do because $250,000 -- you know, you want to raise taxes on those tax rates? that's not going to solve the problem. it is really just taking a teaspoon of water out of the ocean. >> greta: there are two issues. the things that really rubs me the wrong way, i have been saying this for 18 months, everybody in washington -- from the president on down, everybody has known about the fiscal cliff. they had the super committee that was supposed to decide by november or december of last year. the super committee wasn't able to reach an agreement. so what did they do? stop. they didn't work the next month. there was nothing to stop the super committee or the president or leader pelosi, complaining about losin
there seven days a week, 365 days out of the year, to make sure that you provide the -- the common defense and protect this nation from its enemies. we need to be focused on what we need to do right now, that is to come up with a solution for solving the spending problem we have in this country. not a revenue issue. that's why i say negotiating with the president is really not a smart thing to do because $250,000 -- you know, you want to raise taxes on those tax rates? that's not going to solve...
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the he turned it around. 10-3 this season and defensive coordinator will coach the spartans in that bowl game. he is going miss the coach. >> he has built this and we built this together. great mind and recruiter. it's the nature of the business. it's a crazy business, great profession. you just move on and you understand what that is all about. you try to make things better. >> in golf courses have a lot of bunkers, some have thick rough. in stlial they have a dinosaur. -- in straight they have a
the he turned it around. 10-3 this season and defensive coordinator will coach the spartans in that bowl game. he is going miss the coach. >> he has built this and we built this together. great mind and recruiter. it's the nature of the business. it's a crazy business, great profession. you just move on and you understand what that is all about. you try to make things better. >> in golf courses have a lot of bunkers, some have thick rough. in stlial they have a dinosaur. -- in...
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joining me defense attorney brian claypool. thanks for joiiing us. is this legal? >> sure, thanks for having me, melissa. news flash. i was ready to take the bus over here to the studio this afternoon and i canceled that plan after i heard about the topic we had today. i didn't want anybody to find out what my little girl might get for christmas. in terms whether this is legal or not the big issue, do you have a reasonable expectation of privacy when you leave your hme? in other words, you get on a bus or get on a subway, you start chitchatting. melissa: do you? starting to feel like we don't any longer. >> in many respects we don't, given the climate we live in, given how volatile with terrorism, the situation in syria and taliban and al qaeda we have ask ourselves, what price do we want to pay to keep our safety? personally i don't think it is that big of an infringement on our privacy rights if we're taping these conversations. melissa: really? >> if it is to prevent terrorist attack. melissa: do you think it will prevent a terrorist attack if we have liening de
joining me defense attorney brian claypool. thanks for joiiing us. is this legal? >> sure, thanks for having me, melissa. news flash. i was ready to take the bus over here to the studio this afternoon and i canceled that plan after i heard about the topic we had today. i didn't want anybody to find out what my little girl might get for christmas. in terms whether this is legal or not the big issue, do you have a reasonable expectation of privacy when you leave your hme? in other words,...
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they are embarking on a defense strategy that focuses on the asia pacific region. they are already standing marines in australia on a rotational basis. >>> the greet rift valley cuts through eastern africa. people who live along it have looked deep into the ground and seen a source of energy. steam, super heated. they are hoping it will bring a end to power shortages that hit day and night. >> reporter: kenya is a popular tourist destination in the world. hotels and office buildings have been springing up in the capital. it's fast development has brought problems. the city's plagued with frequent blackouts. a flashlight is a must item for many people. utilities are having a hard time to meet the growing demand for electricity. that's because of their heavy reliance on hydropouter. there's no rain even during the rainy season is standing in the way. the government is scrambling to promote geothermal power which is not influenced by the weather. >> we're looking into getting into 50/50%. 50% geothermal and 50% the others. the future is quite bright. >> reporter: toug
they are embarking on a defense strategy that focuses on the asia pacific region. they are already standing marines in australia on a rotational basis. >>> the greet rift valley cuts through eastern africa. people who live along it have looked deep into the ground and seen a source of energy. steam, super heated. they are hoping it will bring a end to power shortages that hit day and night. >> reporter: kenya is a popular tourist destination in the world. hotels and office...
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. >> did you work on defense? >> hell, yeah. we worked for a half hour on it. [overlapping speakers] >> you're starting to piss me off because you say something that's not factually correct. >> while d'antoni was frustrated with that journalist, check out what happened to another reporter's phone that he was using to record a press conference with louisville coach rick pitino. >> i don't want to go too overboard with russ, you know, because -- [ ringing ] >> hold on one second. [ laughter ] >> hello? i'm just doing a press conference. [ laughter ] >> >> where would you like to meet for a drink? ruby's? i have to go -- i have to go recruiting. i'll give the phone to bob and you can ask him,k? thank you. hold on one second. [ laughter ] >> some people wants to have a drink with you, bob. >> turns out bob is married. >>> so is tom brady. much to the display of women everywhere. the 49ers beat the patriots in a huge showdown and brady is the hottest quarterback in football in more ways than one. brady has 29 touchdowns and a league low four interceptions this seaso
. >> did you work on defense? >> hell, yeah. we worked for a half hour on it. [overlapping speakers] >> you're starting to piss me off because you say something that's not factually correct. >> while d'antoni was frustrated with that journalist, check out what happened to another reporter's phone that he was using to record a press conference with louisville coach rick pitino. >> i don't want to go too overboard with russ, you know, because -- [ ringing ] >>...
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we are going to get answers to those questions with our interview with the secretary of defense, leon panetta. and you are going to be meeting these girls. they have big, big dreams. they are pretty inspirational. we are going to ask the question about what their future as girls is going to be. all that out front tomorrow live. >> thank you all for joining us. in the meantime, anderson cooper 360 starts right now. >> ashley thank you. good evening. we begin tonht keeping them honest searching for facts holding people in government accountable. tonight we are going to show you a place so horrific it is tough to believe it exists. a modern day concentration camp. this concentration camp is in north korea a country that is right now publicly celebrating the launch of a missile. >> after four successful failures north korea shocked the world with this launch. nuclear war heads to the west coast of the united states. >> these images showed people celebrating in north korea. tonight there are signs that the north korea people not totally in control of the device. >> but tonight on north kor
we are going to get answers to those questions with our interview with the secretary of defense, leon panetta. and you are going to be meeting these girls. they have big, big dreams. they are pretty inspirational. we are going to ask the question about what their future as girls is going to be. all that out front tomorrow live. >> thank you all for joining us. in the meantime, anderson cooper 360 starts right now. >> ashley thank you. good evening. we begin tonht keeping them honest...
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will feel it will be with payroll tax, and amt, alternative minimum tax, cut to medicare, and cuts to defense. that is for real, that happens. that is immediate. the rise in rates due to obamacare, and the bush tax cut expiring, those actually do not take effect, they will not owe them until 2014, i think that president thinks he has time. but, this is -- this is why it important i think, for us to tell the truth. and be grown ups, the president thinks in short-term, he can just continue to go out and campaign, and maybe in short-term republicans will take will blame. i'm ready to take the blame, i am going to tell the truth to my constituents. lou: take the blame. that is an interesting eing expression. the fact is, his ultimatum is only -- the only decision taken that will result in this occurring, rather than a collective bargain heaed positi. i do not see where republicans should take any blame, why isn't your leadership, if you will, say, you go ahead, you own it you eat it? lou: i believe at the end of the day that is what we'll say. but for right now, lou we're still here, we're workin
will feel it will be with payroll tax, and amt, alternative minimum tax, cut to medicare, and cuts to defense. that is for real, that happens. that is immediate. the rise in rates due to obamacare, and the bush tax cut expiring, those actually do not take effect, they will not owe them until 2014, i think that president thinks he has time. but, this is -- this is why it important i think, for us to tell the truth. and be grown ups, the president thinks in short-term, he can just continue to go...
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today the defense secretary leon panetta gave us new details on the time line. military families may find that interesting. also the crisis in syria and the rebel coalition has the backing of the united states us, at least on paper. one rebel leader says they need more. what that means and why it could be a real problem for the white house. that's next as fox reports live tonight ♪ [ male announcer ] shift the balance of power decisively in your favor. the exclusive eight-speed transmission and rotary shifter in the new 2013 ram 1500. engineered to move heaven and earth. guts. glory. ram. [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider
today the defense secretary leon panetta gave us new details on the time line. military families may find that interesting. also the crisis in syria and the rebel coalition has the backing of the united states us, at least on paper. one rebel leader says they need more. what that means and why it could be a real problem for the white house. that's next as fox reports live tonight ♪ [ male announcer ] shift the balance of power decisively in your favor. the exclusive eight-speed transmission...
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the democrats hate the talk of missile defense, because it about it. they have to dispense with that anachronistic thinking. second we have to say we won't allow proliferation. if we find they are shipping material to other countries, take it or destroy it. no way to stop them from having the weapons but we can stop from exporting it or being really serious. that is something to be serious about. >> chris: when kim jong un succeeded his father almost a year ago there was some hope that maybe it was a new generation or sensible. some say rational. same generation. does it dash hopes? is this another kim? >> the style is different than his father. we saw that he spoke to the people this week. he is definitely more of a public figure. if you have a country in an economic collapse the way you get everybody together and rally them is to, is this militaristic, nationalistic, buildup. that is what he is doing. that's how the regime views staying in power. it doesn't matter if kim jong unor his father. to keep an maintain power they are using this military pro
the democrats hate the talk of missile defense, because it about it. they have to dispense with that anachronistic thinking. second we have to say we won't allow proliferation. if we find they are shipping material to other countries, take it or destroy it. no way to stop them from having the weapons but we can stop from exporting it or being really serious. that is something to be serious about. >> chris: when kim jong un succeeded his father almost a year ago there was some hope that...
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an act to authorize appropriations for fiscal year 2013 for military activities of the department of defense and so forth and for other purposes. the presiding officer: under the previous order, it is bill, as amended -- the bill, as amended, is agreed to. [inaudible] under the previous order, the clerk will appoint the following conferees. the clerk: senators levin, lieberman, reed of rhode island, akaka, nelson of nebraska, webb, mccaskill, udall of colorado, hagan, begich, manchin, shaheen, blumenthal, mccain, inhofe, sessions, chambliss, wicker, brown of massachusetts, portman, ayotte, collins, graham, cornyn and vitter. mr. whitehouse: madam president? the presiding officer: the senator from rhode island is recognized. mr. whitehouse: may i ask unanimous consent that we continue in morning business until 7:00 p.m. the presiding officer: is there an objection? no objection, so ordered. mr. whitehouse: i note the absencabsence of a quorum. the presiding officer: the clerk will call the roll. quorum call: quorum call: mr. begich: madam president? the presiding officer: the senator from ala
an act to authorize appropriations for fiscal year 2013 for military activities of the department of defense and so forth and for other purposes. the presiding officer: under the previous order, it is bill, as amended -- the bill, as amended, is agreed to. [inaudible] under the previous order, the clerk will appoint the following conferees. the clerk: senators levin, lieberman, reed of rhode island, akaka, nelson of nebraska, webb, mccaskill, udall of colorado, hagan, begich, manchin, shaheen,...
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it's going to take place on january 2 of next year, 2013, and the defense budget is going to see the brunt of these spending reductions. most everything is 2% across the board. spending, additional cuts, $55 billion per year that is going to give them a total of $492 billion in cuts and this is going to leave our military with the smallest ground force since 1940, the smallest naval fleet since 1915, and the smallest task ta call fighting force in -- tactical fighting force in the history of the air force. medicare could see $16.4 billion in annual cuts leading to the elimination of 496,000 jobs in 2013. 62,000 physicians are going to be adversely impacted. and we know the sequester cuts are not -- are not fair to everybody. . we've talked about getting the fiscal house in order and cutting spending and fighting the growth in the debt. we've also passed some bills this year and i would like to remind the members of the body, mr. speaker, of these pieces of legislation that this house of representatives has already passed. and they're sitting on the desk over in the senate. now, we ha
it's going to take place on january 2 of next year, 2013, and the defense budget is going to see the brunt of these spending reductions. most everything is 2% across the board. spending, additional cuts, $55 billion per year that is going to give them a total of $492 billion in cuts and this is going to leave our military with the smallest ground force since 1940, the smallest naval fleet since 1915, and the smallest task ta call fighting force in -- tactical fighting force in the history of...
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but the defense secretary told me, not so fast. and the pentagon, and wolf, i want to quote his exact words. he said, quote, is still assessing whether or not it really was a success. now, wolf, of course, norad has confirmed that north korea successfully launched an object into orbit. and as i said, others have characterized this as a success. i wanted to know exactly what the defense secretary meant when he said he wasn't sure. so here's the exchange. >> you said you were still determining whether it was a success or not. is that still something that the u.s. is not sure about? >> i think we still have to assess, just exactly what happened here. you know, we had radar tracking the flight of that, to be able to analyze just exactly what happened during the course of that flight. the various stages. and then, most importantly, the final stage, to determine really whether or not that did work effectively or whether it tumbled into space. that's the issue that we need to assess. >> wolf, it remains to be seen exactly what happened, b
but the defense secretary told me, not so fast. and the pentagon, and wolf, i want to quote his exact words. he said, quote, is still assessing whether or not it really was a success. now, wolf, of course, norad has confirmed that north korea successfully launched an object into orbit. and as i said, others have characterized this as a success. i wanted to know exactly what the defense secretary meant when he said he wasn't sure. so here's the exchange. >> you said you were still...
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you'll raise some taxes, yes, that's true, you'll cut defense and some human services. this is the only way we'll have a significant bite out of this deficit. i think the market is going to like this. they say no right now, but when they see that this government is taking on the deficit in a serious way i think they will like it >> you don't think going over the cliff is armageddon? >> this is just nonsense, absolutely not. this is a bipartisan deal that was made. now both parties are trying to welch on their commitments. i think that's a mistake. >> steve, ben bernanke said today if we do go over the fiscal cliff, even if it's for a short period of time, it's going to be very costly and they do not have the tools to basically dig us out of it. do you believe if we go over the fiscal cliff it won't be as easy as the governor is suggesting? >> we're in trouble anyway this quarter and the next quarter and putting on taxes of any kind would be the wrong thing to do. sometimes the governor is a former physician, current physician, and you learn first go don't harm the patie
you'll raise some taxes, yes, that's true, you'll cut defense and some human services. this is the only way we'll have a significant bite out of this deficit. i think the market is going to like this. they say no right now, but when they see that this government is taking on the deficit in a serious way i think they will like it >> you don't think going over the cliff is armageddon? >> this is just nonsense, absolutely not. this is a bipartisan deal that was made. now both parties...
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the regime is on the defensive. they are fighting in damascus and the suburbs and we are hearing of the scud missiles and it seems this is taking a new turn but we are not sure where it is going. >>shepard: you wonder how much influence, how much a part the outside world can play. nothing has been effective. >>guest: the regime is dug in. they have a lot at stake and they will use everything they have to fight for their survival. it is hard to have influence on the ground with so many different rebel groups fighting against the regime with different rebel groups with different backers with different agendas and extremist element here linked with al qaeda and it is very difficult to actually understand what is going on, on the ground. what the administration is doing now is trying to play a much longer game. they are trying to strengthen the coalition group that was just recognized as the representative of the syrian people and trying to pave the way for post assad. >>shepard: the relationship between egypt and israe
the regime is on the defensive. they are fighting in damascus and the suburbs and we are hearing of the scud missiles and it seems this is taking a new turn but we are not sure where it is going. >>shepard: you wonder how much influence, how much a part the outside world can play. nothing has been effective. >>guest: the regime is dug in. they have a lot at stake and they will use everything they have to fight for their survival. it is hard to have influence on the ground with so...
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they can huff and puff right now, but they are playing defense is what it gets down to. >> we talked about the options in our first read. they can file legal actions charging the process and violated the states and opened meetings act and overturned it bypassing a voter initiated law. are those two long shot options there? >> well, there will be a lot of litigation. no question about that. they will do everything they can in court and maybe that's the best chance of success. in terms of an initiative or referendum, the bill that passed the legislature innoculates the law for being challenged in a referendum. it's got an appropriation in it. i don't see a way you will get an initiative drive that could do anything before 2014 which is say regular election. there could be recalls, but guess what. today the republicans are voting on a bill to amend and reform the recall law here in michigan to make it tougher to recall legislators. >> that would box in any recall there. let me bring you in as well on this. there was an article that i read that discussed the labor mistake or the mistake
they can huff and puff right now, but they are playing defense is what it gets down to. >> we talked about the options in our first read. they can file legal actions charging the process and violated the states and opened meetings act and overturned it bypassing a voter initiated law. are those two long shot options there? >> well, there will be a lot of litigation. no question about that. they will do everything they can in court and maybe that's the best chance of success. in...
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korea intends an all out attack on its neighbors this program including nuclear program house purely defensive and insurance purposes is . no side's interest to heart war because if you go one korea careers will actually do so for a lot as long as the regime is stable of all three hundred sixty people so there's no immediate danger over the mail coming up president putin promises that no corrupt official politician will go unpunished later in the program we got a lot of reaction to the crackdown on the the crackdown the russian leader vowed jury in his first address since returning to the kremlin that pictures from a bit earlier on that's coming up soon also the u.k. reveals who's going to step up to revive its flagging the company but the rich could rest of these tonight the government's going to be targeting the forest reporter that has been. looking at some docs you simply do not believe they come speak and goodness how they can wrong oh. it's an international sled dog race with those driving the dogs. coming from as far away as a strength in canada and the us they come to russia and everyb
korea intends an all out attack on its neighbors this program including nuclear program house purely defensive and insurance purposes is . no side's interest to heart war because if you go one korea careers will actually do so for a lot as long as the regime is stable of all three hundred sixty people so there's no immediate danger over the mail coming up president putin promises that no corrupt official politician will go unpunished later in the program we got a lot of reaction to the...
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the last thing i want to see is cuts in defense, anything at all that negatively affects the defense of this country, anything at all that negatively affects the lives of servicemen and servicewoman, those are bad things. i'm happy to write a check for more money. i don't like it. but i'm getting old anyway. i would rather give it to the government than leave it to -- than leave it to government, give it to them right now. >> you'll write the check, maybe semipainfully, but i'll write it nonetheless. >> i'll do it. >> europe's biggest bank, you heard about this, hsbc agreed to pony up close to $2 billion to settle accusations of money laundering. the senate banking committee they found that hsbc in mexico shipped $7 billion in cash, mind you, across the border, maybe turned a blind eye to where the money came from, want you to listen to neil barofsky, we had him on the show yesterday, and i asked him whether top bank officials knew they were handling drug money there. >> the notion that this wasn't something that was known on senior levels of the banks, at least they had plenty of re
the last thing i want to see is cuts in defense, anything at all that negatively affects the defense of this country, anything at all that negatively affects the lives of servicemen and servicewoman, those are bad things. i'm happy to write a check for more money. i don't like it. but i'm getting old anyway. i would rather give it to the government than leave it to -- than leave it to government, give it to them right now. >> you'll write the check, maybe semipainfully, but i'll write it...